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Updated about 10 years ago on . Most recent reply

User Stats

37
Posts
2
Votes
John Dudas
  • Real Estate Agent
  • Adrian, MI
2
Votes |
37
Posts

Foreclosure Process question

John Dudas
  • Real Estate Agent
  • Adrian, MI
Posted

I think i know the answer but i want to get some real experts to confirm.   There is a property I have had my eye on that has been foreclosed. The bank bought it at the Sherriff's sale 6 months ago and I think it's about to go on the market. Woudl contacting the original owner serve any purpose now? Isn't the Bank in charge and they will sell it at the price they can?  A Real Estate agent is telling me to contact the owners and talk to them about buying it. I don't see what benefit that will have to me now but I have not done anything yet so what am I missing?

I contacted the bank about two months ago and they said when it's listed by an agent I could bid on it then. Gave me no information.

Any thoughts would be appreciated.

  • John Dudas
  • Loading replies...